N.J. Admin. Code § 11:2-39A.15

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:2-39A.15 - Phase-in provision

(a) Except for HMOs, the following requirements shall apply to the filing of the first RBC reports due on or before March 1, 2015, in lieu of the provisions of N.J.A.C. 11:2-39A.4 through 39A.7:

1. In the event of a company action level event with respect to a domestic health organization, the Commissioner shall take no regulatory action under this subchapter.

2. In the event of a regulatory action level event under N.J.A.C. 11:2-39A.5(a)1, 2, or 3, the Commissioner shall take the actions required under N.J.A.C. 11:2-39A.4.

3. In the event of a regulatory action level event under N.J.A.C. 11:2-39A.5(a)4, 5, 6, 7, 8, or 9 or an authorized control level event, the Commissioner shall take the actions required under N.J.A.C. 11:2-39A.5 with respect to the health organization.

4. In the event of a mandatory control level event with respect to a health organization, the Commissioner shall take the actions required under N.J.A.C. 11:2-39A.6 with respect to the health organization.

N.J. Admin. Code § 11:2-39A.15

Adopted by 48 N.J.R. 2441(a), effective 11/21/2016